Iqbal Survé faces bribe accusations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

that he met with Survé on the 18th of August 2018 prior to a BT board meeting where Survé attempted to bribe him. He says it happened after he sent emails to an executive, explaining his desire to leave Ayo.

“He was in Johannesburg for the BT Board meeting and he proceeded to offer that he would move my family to an all-expenses paid Waterfront apartment in Cape Town; all expenses would be paid including school fees, chauffeur etc. I, respectively, declined the offer because it was an outright bribe and that I cannot convince my wife to move to Cape Town because she wanted me to have nothing to do with him. He even offered to phone my wife and discuss it with her, which I strongly declined.

Meanwhile, Ayo Technology Chief Investment Officer, Abdul Malick overvalued the company during the period in which theFormer Chief Investment Officer of Ayo Technologies, Siphiwe Nodwele says the company was worth R700 million and not R14.8 billion as stated by its executives. Nodwele was testifying before the Commission of Inquiry into impropriety at the PIC. He says he and another Ayo executive, Kevin Hardy, were ill-prepared for presentations at the PIC and could see that despite the deal lacking some information, it was a foregone conclusion that the it would go through.

“Given what the company was doing at the time and given the revenue the company had earned – the profit after tax – a billion would have been extreme. I suppose the rationale was that you were going to acquire a bunch of companies with that money, but in terms of what the company was worth, at that date, I would say R700 million and that’s just doing sums at the top of my head,” said Nodwele.

Sy bekkie is te glad

Did you report on what happened to Gavin Watson ?

Sabc has gone to the dogs. Captured and sealed.

Mini eNca

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Iqbal Survé attacks deputy minister for trying to ‘crush’ his companiesMondli Gungubele’s vendetta against his newspapers spurred by their refusal to ‘toe the line’, the businessman tells PIC inquiry It wasn't me - all said in the PICInquiry It was the 600,000 whites in the army It was assassins out to get me It was systemic decline in old media It was a PIC set-up It was a political witch hunt It was Tiso Blackstar Yet R5bn from PIC later & un-serviced debt...excuses ' attacks '? Mxim that's never a point.
Source: BDliveSA - 🏆 12. / 63 Read more »

Iqbal Survé: My life is in danger because I champion transformation in businessRubbish Iqbal's only concern was to 'Surve' his own business interest. Now that his dodgy dealings are exposed, he wants to play the victim. Right there is a problem.
Source: ewnupdates - 🏆 30. / 53 Read more »

Why I rejected Tiso Blackstar, Independent Media merger - Iqbal Survé | IOL Business ReportBusinessman Dr Iqbal Survé told the PIC Inquiry that he had resisted overtures from rival media group Tiso Blackstar as it ...
Source: IOL - 🏆 46. / 51 Read more »

I don’t take sides, Iqbal Survé tells #PICInquiry | IOL Business Report“Independent Media is the most objective media house in the country,” businessman Dr Iqbal Survé has told the Mpati Commission of Inquiry.
Source: IOL - 🏆 46. / 51 Read more »

Iqbal Survé: PIC not doing enough to transform the economy | IOL Business ReportDr Iqbal Survé, testifying before the Mpati Commission of Inquiry into allegations of impropriety at PIC said the entity ...
Source: IOL - 🏆 46. / 51 Read more »